The requested article has expired, and is no longer available. Any related articles, and user comments are shown below.
© Copyright 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.Trump says he's leaving his businesses to avoid conflicts
By CATHERINE LUCEY NEW YORK©2024 GPlusMedia Inc.
69 Comments
Login to comment
kibousha
I heard someone said this the other day "Now that I'm president, I can be a great businessman".
katsu78
In other words, he made a statement that superficially supports what everyone but the Trump fanatics have been demanding but in practice does absolutely nothing to ensure there is no conflict of interest. The gullible will lap it up, and everyone with critical thinking skills will know that America is sinking deeper and deeper into an authoritarian kleptocracy.
SenseNotSoCommon
If he releases his tax information before and after presidency, then we'll believe him.
Heard that before, too.
Moonraker
All the while stacking the administration with pro-business, anti-just about everything else, lobbyists and fundamentalists. All those who are not millionaires who voted for this shyster to look after their interests, well, you have been conned. This will go down as the biggest wool-pulling exercise in history, if we ever get the luxury of being able to look back. It's an intensification of everything that failed before. Drain the swamp? What a laugh.
kurisupisu
He said this months ago-it's hardly news..,,,
Laguna
He will never ever do anything which would significantly sever his ties to his businesses. Just accept it - it's what America is now.
bass4funk
Great to hear, now he can really focus at the task at hand.
pointofview
@Laguna,
How do you possibly know this?
@katsu,
You should provide specific examples of how America is becoming an authoritarian country.
Laguna
Point, it's simple logic. First, he has no incentive to - Americans voted for him precisely BECAUSE of his business empire, not in spite of it. Heck, he never even released his tax returns (despite promising to, maybe, someday, do so), yet a substantial minority of Americans still voted for him.
Second, his businesses define him for himself. You might as well ask him to cut off his head.
Third, it's logistically impossible to sever his ties without liquidating the company. Turning over nominal control to his children is far from the definition of a "blind trust" - particularly as his children seem set to have outsized influence in his administration.
It just ain't gonna happen. Those who believe this promise are seriously deluded.
Harry_Gatto
Absolute nonsense, all smoke and mirrors which only his supporters will fall for. Just because he is not legally involved in the Trump business it doesn't mean that he can't, for example, steer legislation which benefits it.
bass4funk
Well, the paperwork is being drawn up as we speak. Which means, it's going to happen.
And judging by the stock market and now that Carrier Air Conditioners are going to stay in the US, it's a great start.
Laguna, we are so beyond that. If I were any liberal, beating that drum at this point is going to get you guys laughed out of the room. We have more important things to worry about and if the people really cared, they would STILL be beating that drum and that ship has sailed a month ago.
No, it's just that if he cuts all business ties then the Dems have really nothing to jump on Trump about. Darn it.
Third, it's logistically impossible to sever his ties without liquidating the company. Turning over nominal control to his children is far from the definition of a "blind trust" - particularly as his children seem set to have outsized influence in his administration.
So you know something that the business lawyers don't? Oh, please tell us. LOL
I think it's the opposite.
smithinjapan
bass4funk: "Great to hear, now he can really focus at the task at hand."
Except that he isn't, and he won't. Whenever a decision comes up that will affect the business he's given to his kids directly that will affect the outcome -- and that is the conflict that will not go away until he puts ALL his businesses into a blind trust and not just some scam to still have stakes in the companies.
CrazyJoe
Prediction -- Trump won't do this in any meaningful way, will keep insisting (via Twitter and ghastly surrogates like Kelly Anne Conway) that he has, his 'base' will believe him, and he will get away with it.
Press will sputter for 4 years and Trump will get richer despite numerous conflicts of interest that Republicans will ignore.
Democrats must take back at least one chamber in 2018
Laguna
Smith, the definition of "blind trust" is a fund which is invested in areas the owner is unaware of. It is impossible to put Trump's businesses in a blind trust without liquidating them. Sure, he can have someone else run them - but he'd still know what was where (and, importantly, so would others - look at the rush of foreigners to book rooms at Trump's Washington hotel). Ain't gonna happen.
SenseNotSoCommon
like this musing:
or attacking journalists by twitter and refusing to hold a press conference
oh, and there's that PRESIDENT ELECT DONALD J TRUMP * seal. Personality cult much?
http://media.breitbart.com/media/2016/11/donald-trump-president-elect-seal-420x341.jpg
(apologies for the Ministry of Public Enlightenment link)
SuperLib
Trump will just manage his business through his kids. That's just the way it will be while he is in office. His supporters don't really care about stuff like that and the GOP won't investigate him so he doesn't really have anyone to answer to.
I'm more curious about Carrier. Did Indiana offer incentives to keep one company in the state that other companies will not receive? Seems obvious the problems that will arise from it. Everyone will be asking for their corporate welfare check from Trump.
And these steps are just bandaids. It makes economic sense for large companies to replace Americans with foreign workers. The guys at the top will see incredible bonuses and they are the ones making the decisions. The stockholders will see gains so they'll go along with it. Filling their profit gap with US taxpayer funds isn't fixing anything.
fxgai
Short of the Trump business being completely sold off, not only by him but his children too, there will always be loads of potential for political activities anywhere where the Trump business empire is active to be declared by political opponents as conflicts of interests.
Obviously, political opponents will oppose.
Obviously, Trump and his children will never completely detach from the empire they run.
It's a pointless situation, waste of time to debate, yet Trump will be President. Let the political opponents oppose, because they will, and just get on with running the country and making it great again, showing other stagnant places like Japan how to do it in the process.
Mnuchin seems like he has his head on straight. Trump struck me as a nut but at least he seems to understand the most basic things about how to inspire economic growth again, and that's going to ultimately benefit even the political opponents who just don't know any better! (Shooting for a -10 with this comment!)
commanteer
It is extreme to demand that anyone who becomes president sell off all of their business enterprises at fire sale prices (which would be the case in any forced sale). That we mean we could only have presidents who have no success in business. We've tried that for a while now.
And one doesn't even need a business to have conflict of interest. A well-placed donation to an (ahem) charity, an inside track on a fixed business deal, or any other disguised bribe will allow anyone to buy the president's interest. This is much easier for the president, much harder for the public to spot, and president's who aren't rich will find the temptation great.
Ironically, I think Trump may have less conflict of interest. He will be less attracted to bribes. And since we know what his businesses are, any blatant conflict will be readily pointed out.
Laguna
We will see (and I fully suspect cronyism to erupt furiously). Again, it's not just what Trump does - it's what others do to curry favor with Trump. The Kingdom of Bahrain is holding a major event at his Washington hotel this week, and as reported in the Washington Post:
A major difference between the Clinton Foundation and Trump Enterprises is where the money ends up - ploughed back into charitable work or in Trump's pockets.
nostromo
Yes, filling his cabinet with Wall Street insiders - just the sort of people who will "help drain the swamp". The people who voted for him are going to realize fairly soon that they have been conned
pointofview
@sense,
Well...not really.
If they are burning the flag then perhaps they are not fond of being US citizens and if they are not citizens and doing such a thing then kick them out.
Perhaps these people shouldn`t study sociology for 5 years and then expect a $100,000 /yr, job after graduating. Too many whiners looking to be babysat.
Nessie
This should be a non-partisan issue. Trump doesn't even seem to understand what a conflict of interest is.
commanteer
Far less of a distinction there than you think, especially after seeing exactly where and to whom that "charitable" money goes.
Triring
I wonder how long it will be before he is found accountable to insider trading?
dcog9065
Amusing at how far America has fallen. The same thing is happening in South Korea where the President abused her position for corruption and cronyism and now she faces impeachment and 4% approval rates. In America Trump does this in plain sight through his bizarre and creepy children and could reap billions, but the Trumpette weeps and swoons into manic hysterics at the genius of their dear leader and his populatiry hits all time highs.
America can now safely be considered a fairly uncivilized and immoral country on the same level as Russia, but possibly even worse as Americans go the extra effort of pretending they are otherwise while Russia doesn't even try to hide it
funkymofo
Huh?
Tokyo-Engr
@dcog9065
As much as I believe Trump is unqualified for office I am not sure how you can make the statement or comparison you have. Would it not be better to see what he actually does and what actually happens?
Something has happened in South Korea, yes.
Nothing has yet happened in the United States.
If the same thing does in fact happen in the U.S. I will be right there beside you raising my voice in protest.
Moonraker
America: from plutocracy to kleptocracy in one easy step.
dcog9065
@Tokyo-Engr: True, but look at the list:
http://www.bbc.com/news/world-us-canada-38069298
Also, his children being in charge of his companies is worse because now his influence will be under cover
goldorak
When a nation elects a business/real estate mogul as their president surely they arent naive enough to expect him to cut all ties with his biz empire!? He may say so or even 'do' so on paper but he will still be running his business from the white house.
I hope American ppl factored this in when they voted for him.
bass4funk
Because, YOU say so? Had NO idea you knew the man personally and how he conducts his business affairs, but I'm always up for a good joke, don't let it stop you, Smith.
"Them" not him and his duties as president.
Thank God, the decision making is not up to you libs. No wonder you guys keep losing. LMAO!
It shouldn't bother you guys, if that were true, you guys were perfectly fine with crooked Hillary and her scandalous foundation, so why all the outrage now?
Hmm, once the country is back on track, I truly wonder what the far left will try to complain about next. Personally, I pray and hope they stay as left and stubbornly defiant as ever. keeps them out of our hair, they can all relocate to California and create a progressive utopia and leave the rest of America in peace. That would be the best solution.
Nessie
False equivalence much? The American president doesn't assassinate political and media opponents.
Laguna
One might better wonder the opposite given the situation: Why the lack of outrage on the right? Seldom is such astounding hypocrisy apparent.
SuperLib
Who said I was upset? Trump's supporters will defend his actions and the GOP won't investigate, so what's left to do? He will probably make a lot of money and that's that.
I was talking about the financial realities with Carrier. Why use that to write what you did above? Why not just write it as a stand-alone paragraph without quoting someone else?
dcog9065
So because he doesn't assassinate opponents, everything else is fine? Is life a zero sum game where it's only either a) or b)? Has America become so farcical that the choice is now only between Presidential assassinations or nepotistic cronyism and corruption?
I stand by my comment, however I will gladly admit I'm wrong if Trump can prove everyone wrong
Tokyo-Engr
@dcog9065
Thanks for the article. Yes there are potential issues but I think one should wait until he actually takes office and see what happens. Obama did not have such obvious conflicts. The Bush's and Clinton's did. Trump's however are a bit different due to his lifelong activities in the private sector. It will be interesting to see how this is handled. Again I am going to wait and see what happens.
The article does point out some of the conflicts but there are also some editorial/factual errors. One I thought that was funny was this, " During the campaign, Trump's airplane company, TAG Air, billed the Secret Service for flying on Trump's 747 as well...."
His plane (as shown in the photo) is actually a 757. I am curious about this claim as well as there should be more details associated with this.
Regardless I think the press will be on him like a hawk so I am sure we will know if such abuses are occurring
turbotsat
I guessed you missed my answer to your other complaint about DJT's president-elect seal. Obama had the same kind of seals as a president-elect. All caps except for prepositions like 'of', etc. Google images for 'obama president-elect seal' or some such.
bass4funk
Probably there's really nothing to be outraged about.
Now the left can hopefully finally understand what it feels like when they do it with the anointed one and with Hillary, but on the safe and sane side. I don't believe people will give him a pass on anything if it proves to be counterproductive to Americans and the country, but we all know whatever Trump does, to progressives, Trump can never do anything right, so the only thing we can do is just let the left rant and like a gnat, just swat them if they start to become a big nuisance.
All politicians make money in some fashion or another, Hillary has taken that art to legendary levels though.
Nessie
No, because the U.S. president doesn't assassinate opponents, equating the U.S. president to the Russian president is a false equivalence. Like I wrote above. Just because it's a false equivalence in no way implies that everything else is fine.
Your initial comment is false and either grossly ignorant or purposely hyperbolic. Your double-down is all three.
Serrano
"But the prospect that he could simply shift more control to three of his adult children looked too cozy to some business-ethics specialists who suggest the arrangement could bring unprecedented conflicts of interest into the Oval Office."
Oh good grief, Trump has already done more good for Americans in 3 weeks than Obama has done in his 8 years as POTUS:
Carrier employee thanks Trump, Pence for saving jobs
https://www.youtube.com/watch?v=Bwt7kLd8-Sk
Why weren't the conflicts of interest with the Clinton Foundaton and the State Department when Hillary was Secretary of State worth looking into by the media?
MsDelicious
Serrano: Totally agreed.
Jimizo
"Oh good grief, Trump has already done more good for Americans in 3 weeks than Obama has done in his 8 years as POTUS:"
Eh?
SuperLib
I understand that you feel that way, especially with all of the things you've said about both of them over the years. Especially with Obama. You professed doubt about his citizenship, his religion, his allegiance to America, called him racist, pretty much hitting him from every possible angle.
In your mind you created this fictional villain, and Trump flew into the nightmare and dealt a fatal blow to the dreaded liberal monster that was destroying America. So you have that going for you.
But remember this: whatever it is you feel Trump did for you shouldn't encourage you to act against your own best interests. We aren't debating policy or opinion when we talk about Trump's taxes or business dealings. There's no reason in the world to give him a pass on that. Obviously you like the fact that it pissed off moderates and liberals, but they are the ones fighting for your interests.
How far are you willing to take this?
Laguna
Serrano, the WaPo just reported on how Pence (still governor of Indiana) managed to retain that Carrier facility:
Some, however, are steadfastly against the practice of handing out special favors to companies simply to retain their presence. Their arguments are solid: It plays to favoritism, unevens the playing field, costs more than the jobs saved, and seldom works for long. For example, as Trump said,
Trump would know - Google the tax breaks he still receives in Manhattan. Still, he is correct; and, yes, he is a giant hypocrite for claiming (a) any role in this, and (b) any suggestion that it was a successful result of his policies.
Texas A&M Aggie
The full-on mental meltdown/stroke out by the alt left is on full display. They whine on and on about "conflict of interest" of the PEOTUS, but were silent about how their candidate did the same thing -- and much worse -- when she was SoS.
Furthermore, they cry about a guy who engineered an electoral landslide last month that catapulted him into the White House. Since then, he has saved jobs from leaving America (Carrier), brought back jobs from China (Apple) and both Canada and Meixico want to restructure the NAFTA deal. All before he's taken the oath of office. He's already done more for the U.S. economy than Obama did in the previous eight years. If the past three weeks is an indication of the things to come, the alt left needs to brace themselves for an epic beat down in the 2018 mid-terms.
Buy stock in Crayola and Play Doh, alt leftists, because at noon, Jan. 20th, 2017 Donald J. TRiUMPh will be the 45th president of the U.S. Get used to it. . . .
SenseNotSoCommon
Elsewhere on the planet, George Monbiot introduces an article on the experts Donald Trump is surrounding himself with:
https://www.theguardian.com/commentisfree/2016/nov/30/donald-trump-george-monbiot-misinformation?CMP=fb_gu
Warning: may contain words of more than two syllables.
Lizz
Mexico disappointed at Carrier agreement to keep jobs in US
https://www.yahoo.com/news/mexico-disappointed-carrier-agreement-keep-232858468.html
MEXICO CITY (AP) -- Officials in the Mexican state of Nuevo Leon expressed disappointment Wednesday at Carrier Corp.'s announcement it will keep hundreds of jobs in the United States rather than send them south of the border.
Carrier said it had made a deal with President-elect Donald Trump to keep the jobs at its plant in Indiana.
Carrier currently operates one plant in Nuevo Leon and has built but not yet occupied another one there as part of a planned $200 million expansion.
"The implications are very serious, not only for Nuevo Leon, but for Carrier," Sen. Marcela Guerra said.
"The one who is going to suffer from this is the company ... because their products are going to be more expensive," she added.
This is all you need to know really....and the MSM will start doing profiles of families affected by jobs leaving their country now. In Mexico.
Laguna
Excuse my chortle. Obama's auto bailout saved some 250,000 jobs at General Motors and Chrysler, and 1 million to 2 million total jobs throughout the automotive supply chain. Carrier is owned by United Technologies, a huge defense contractor - and in addition to the carrot of tax subsidies Pence's Indiana offered, there was likely the stick of not getting defense contracts if the company did not make Trump look good. Does this a policy make? - in no way. No confluence of events will again result in this.
As for NAFTA, Canada and Mexico have been discussing this behind America's back. There are areas which could be improved, but not of the type that Trump could imagine - they would facilitate openness, not restrict it.
turbotsat
http://www.newyorker.com/news/john-cassidy/an-inconvenient-truth-it-was-george-w-bush-who-bailed-out-the-automakers
Obama picked up a program that Bush started ... but tries to take all the credit for it ...
Tokyo-Engr
@turbostat - Yeah...the auto bailouts were more bi-partisan.
Lizz and Turbostat - I do not think Trump is fit for office however in this case I do not see why people think it is a bad thing that people's jobs are actually being saved. For the Carrier workers that will still have a job and a means to put food on the table for their families this is a good deal. The U.S. manufacturing base has been devastated over the past few decades.
No one knows the details of the deal with Carrier yet and it seems people are assuming the worst with no information. I am sure the details will come out and at that time people can judge if this is good or not.
Perot had it right when he was running for President. NAFTA was a bad trade deal, plain and simple. Those that prefer globalism and do not give a darn about the working man (and this was bipartisan) pushed this thing through. Politicians of both party have screwed the working man.
I do not think Trump will be a good President and I still am of the belief he is not fit for duty, however criticizing something like this without all details does not seem logical.
Time will tell if this is good or bad and you can bet your bottom dollar the media will be all over it if something is not on the level.
Texas A&M Aggie
A thousand Carrier employees and their families being told their jobs are not going away is a pretty good Christmas present from President Elect TRiUMPh.
Of course, the echo chamber inside radical alt left will disagree. After the electoral shellacking they received last month, they have been neutralized. The Trump Express rolled right over them. Anger and hatred is all they have to cling on to.
As expected (or, rather scripted) they are calling this move by the PEOTUS pure evil. How DARE he keep a campaign promise by pledging to make sure an American company stays here. There was crickets from them when the sitting president was given a pass for walking back of his campaign vow of "shovel ready jobs" once he got into the Oval Office. In their reality-challenged universe, they believed the globalist-owned DNC stance that at least five million more people out of work is a good thing. The howls of indignation from those who desire to have a nanny state take care of them will be deafening.
The radical alt left calf roping by President (elect) TRiUMPh has just begun. . . .
Laguna
He was lucky in this case as the company was based in Indiana and could thus benefit from his VP governor's largess but also because the parent company, a military contractor, was afraid of potential consequences.
"Make sure an American company stays here." Texas conglomerates will love this.
bones
Now i could be wrong but,most people who have made BILLIONS from business did not amass that wealth by being nice and caring,but ruthless and cold blooded. People who believe poLIEtricians will actually keep their promises and make their lives any better need their heads examined.
qwertyjapan
Let's tar and feather him before he's even taken office.
Lizz
As Trump put it so succinctly: “We have the most killer deal-makers… we never use them, I know many of them… these guys are brutal… hard… and Obama uses Kennedy in Japan, I mean give me a break… we need strength”…
We will have to see of course but not all companies that outsource jobs do it as their first option. I have been associated with companies in which up to a point it was about equally profitable to manufacture in the US but then the regulations were so overwhelming, raw goods suppliers had left, unions were demanding more than we could give and the list goes on. .
Davnetcat
Thank God for Donald Trump, he saved us from certain war and destruction. Every day is like Christmas since the election. The Cuban Despot is dead and there may be a Golden light at the end of the Economic Tunnel.
Serrano
bones: "Now i could be wrong but,most people who have made BILLIONS from business did not amass that wealth by being nice and caring,but ruthless and cold blooded."
But Donald Trump is not like most people who have made BILLIONS from business, is he?
Oh my...
15-year Carrier employee reacts to jobs staying in the US
https://www.youtube.com/watch?v=sWC5HCng3CQ
bass4funk
Correction, I always believed that Obama was a citizen.
This is very true.
Sounds like a bad scenario film script written up by Paul Verhoeven. But yes, he pretty much destroyed America, at least the middle class.
Im not saying to give him a pass on that, but it seems that the only people that really care about this are some Democrats, possibly Harry Reid and and a few on JT and that's pretty much it. No one else at this point cares.
??
All the way.
Luck has nothing to do with it, Trump used the power to negotiate and pushed to get the deal done, something we have NEVER seen Obama do in his 8 years as POTUS. Also, whatever deal he has to make to help with keeping these jobs here, more power to him and it looks like if he keeps this kind of push, great things will eventually happen in this country-finally!
Whatever helps!
Laguna
Bravo for Trump, Serrano! You do understand that the factory will nonetheless be closed and the remaining workers transferred to other facilities in exchange for large tax credits, don't you?
For those concerned with reality, check out this strange phenomenon: Google "Timeline of planned Carrier factory closing in Indiana" and note in the results list that nearly every online publication in existence seems to be running the same article. Bizarre. Something is going on here.
SuperLib
Oh, boy. This is probably what Trump was betting on.
toshiko
Trump has Trump Hotel on Las Vegas Blvd. He has been absent and so are their children. Just like other Casinohotels,, employee executives operate various business functions and owners do not bother daily business. Trump even did not know his casino is not discriminated.
Lizz
I do not think Trump is fit for office however in this case I do not see why people think it is a bad thing that people's jobs are actually being saved.
If they are like the tin foil hat school of Bernie Sanders they are angry at Trump for not being able to save all the jobs.
https://www.washingtonpost.com/posteverything/wp/2016/12/01/bernie-sanders-carrier-just-showed-corporations-how-to-beat-donald-trump/?utm_term=.4757a3c6f852
President-elect Donald Trump will reportedly announce a deal with United Technologies, the corporation that owns Carrier, that keeps less than 1,000 of the 2100 jobs in America that were previously scheduled to be transferred to Mexico. Let’s be clear: It is not good enough to save some of these jobs. Trump made a promise that he would save all of these jobs, and we cannot rest until an ironclad contract is signed to ensure that all of these workers are able to continue working in Indiana without having their pay or benefits slashed.
SuperLib
When Trump calls, get ready for your check.
toshiko
Japan must be envying Indiana. Japan has shortage of workers. Factories automated but still can't find enough. Thanks to Filipino, it send guest workers but still not rough.
turbotsat
The salivating has started.
http://www.politico.com/story/2016/12/trump-business-conflicts-democrats-232054
pointofview
@funkymofo,
Huh?
Meaning they should be out looking for work or being creative and start a business not burning flags. I thought Obama was great...Why no work?
lostrune2
As the renowned saying goes:
"The price of liberty is ever vigilance"
Keep politicians honest - be ever vigilant of conflicts of interest
Even if he's not currently running his businesses, he knows how his businesses could be affected by his decisions
And he has a lot of businesses - more than what we know
toshiko
Trump is concentrating on his first business. He appointed Secretary of State. Wait. He can't do everything just be use he is elected. I wrote He is not working his business in Vegas. How about write your observation of his other business to criticize him?
John-San
This is why Trump was elected. Because people are totally P.O. with politicians just doing what they want and getting away with it. Like Hills. Trump will not sell off his empire and put his money in blind government trust. It not law, nor is deleting emails!!!